EVs -- Think Dylan -- And I'm Not Talking About Bob -- October 21, 2023

Locator: 45776EVS.

Link here to The WSJ.  

I don't know if folks are seeing the same thing I'm seeing, but EVs are ... well, starting to look MIA ...

• Tesla falters, 2Q23;
• darlings of Wall Street: Polestar, Rivian, Lucid, Arrival, Canoo -- reality sucks
• high interest rates will have huge effects on EV industry
• GM delays; Ford delays -- huge stories -- hardly being reported by mainstream media, analysts
  
• the graphite issue (posted moments ago)
• the UAW strike -- the hourly rate pales in comparison to what manufacturers are paying for health care
• federal government charging standard will "go away" -- to be replaced by Tesla, "The Electric Company" or to be called the "X-Lectric Company;
  

Now, on top of everything else, we have the Dylan Mulvaney effect.

Which leads us to this:

From the linked WSJ article:

The EV transition is running head on into polarizing politics.

Already this year, pricier electric vehicles got even more expensive for many potential buyers thanks to higher interest rates, which affect loan costs.

Now, anti-“woke” backlash and high-profile politics are increasingly making the suggestion of owning an EV a political cudgel. Or, as Ford Motor Chief Executive Officer Jim Farley recently lamented: “They have become a political football.”

President Biden’s support of the transition, through subsidizing manufacturing, extending tax credits for EVs and giving money for charging stations, has come under attack from Republican rivals seeking to challenge him for the White House next year.

As the Democrat talks about trying to protect automotive jobs and help the environment with green technology, they raise concerns about losing work and question whether the governments should subsidize them or mandate future zero-emission vehicle sales, as California has done.